Vehicle and Traffic (Driver Licensing and Vehicle Registration) Regulations 2021

This regulation applies to a transaction if – the effect of the transaction is to transfer beneficial ownership of a registered vehicle from one person to another; and there is to be no transfer of registration in consequence of the transfer of beneficial ownership.

Each party to a transaction to which this regulation applies must lodge a notice of change of beneficial ownership with the Registrar – if the notice is lodged by the transferor – 7 days after completion of the transaction; and if the notice is lodged by the transferee – 14 days after completion of the transaction. Fine not exceeding 15 penalty units.

A notice of change of beneficial ownership – must be in an approved form; and must contain the information required in the form; and may be given by the parties jointly.

For the purposes of this regulation, the registration of a vehicle is taken to continue for 3 months after the expiry of the last registration period.